Sides in $300 million land deal head to arbitration [South Florida]

Sides in $300 million land deal head to arbitration [South Florida]

Palm Beach Aggregates’ $300 million deal to sell 1,210 acres west of the village to Lennar Homes could be in trouble.

And one of the key individuals who made the deal possible – convicted former County Commissioner Tony Masilotti – might have to testify in the dispute.

Neither mega-home builder Lennar Homes nor rock mining operator Palm Beach Aggregates would comment about the matter. But both have a pending case set to go before an arbitration board, a process that is more expedient and secretive than a civil court proceeding.

Palm Beach Aggregates’ claims against the home builder are unclear. Lennar Homes, however, is seeking reams of paper in its defense relating to the series of once-secret land deals that netted the former commissioner and his brother, Paul Masilotti, a $7.7 million land parcel in Brevard County from Palm Beach Aggregates.